The Regional Municipality Of York

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York Region is a competitive economic powerhouse



Economic Development Action Plan attracts business, talent and innovation to local economy

Newmarket – York Regional Council approved the Economic Development Action Plan 2020 to 2023 which continues to position York Region as a place to invest, live, grow and thrive.

“Regional Council remains committed to supporting business and job growth across our nine cities and towns,” said York Region Chairman and CEO Wayne Emmerson. “Fostering an environment that attracts business, grows employment opportunities and draws talent is fundamental to the economic prosperity and quality of life in York Region.”

First approved in 2012, the updated 2020 to 2023 plan builds on past economic development successes, including post-secondary attraction, the expansion of broadband connectivity and positioning York Region as the place where talent and opportunity intersect. Supported by a fulsome marketing and awareness campaign, the updated plan focuses on three action areas:

  1. Supporting Business through a range of services, including direct-to-business consultations, promotion of targeted office development and foreign direct investment, implementation of the Agriculture and Agri-Food strategy and expansion of the York Link marketing campaign

  2. Attracting Talent to York Region’s knowledge-based economy by strengthening the business-entrepreneur-institutional network, exploring new post-secondary investment opportunities and helping local businesses access highly-skilled international talent

  3. Supporting Innovation as a key driver of economic prosperity by investing in innovation, establishing a Regional Smart City Working Group and expanding economic and innovation capacity in all parts of the Region through increased broadband connectivity

Regional Council also endorsed the principles for allocating funding through the Innovation Investment Fund, which supports major innovation infrastructure investments in York Region.

“York Region is a prosperous place to work and raise a family,” said City of Markham Regional Councilor Jim Jones, Chair of Planning and Economic Development. “Continued investment in economic development helps to attract the types of businesses and high-value jobs that give residents the opportunity to work and thrive in their communities.”

The Regional Municipality of York consists of nine local cities and towns and provides a variety of programs and services to 1.2 million residents and 52,000 businesses with over 636,600 employees. More information about the Region’s key service areas is available at york.ca/regionalservices

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Media Contact:   
Kylie-Anne Doerner, Corporate Communications, The Regional Municipality of York
Phone: 1-877-464-9675, ext. 71232 Cell: 905-716-6035
kylie-anne.doerner@york.ca 


Economic Development; York Region The Regional Municipality of York en-US Media Release